AAPLSPYMSFTNVDAGLDETHTSLAQQQXRP
If Strategy bought Microsoft instead of Bitcoin…
$60.9B↑ vs $53.3B BTC value
Total invested
$64.1B
113 transactions
MSFT value today
$60.9B
-5.0% return
BTC value today
$53.3B
-16.7% return
MSFT outperformed by
+$7.5B
+12% more return on capital
Bitcoin (actual)
MSFT (hypothetical, total return)
Quietly working in the background
Dividends earned along the way
MSFT paid 24 dividends over this period
Cash dividends paid
$851M
before reinvestment
Compounded reinvested value
$797M
reinvested at ex-date close
Share of MSFT's total return
1.3%
rest is price appreciation
Where MSFT's $60.9B value comes from
total return = price + dividends
Price appreciation · $60.1B
Dividends · $797M
Price-only return
Reinvested dividends (compounded at ex-date avg price)
MSFT's lead over Bitcoin is largely price appreciation. $851M in dividends were reinvested along the way, compounding into the total.
Per-transaction breakdown
Showing 10 most recent of 113 transactions
Transaction dateAmountBTC value nowMSFT value now
Jun 15, 2026$100M$100M$96M
Jun 8, 2026$101M$98M$93M
Jun 1, 2026Sale$2M$2M$2M
May 18, 2026$2.0B$1.6B$1.8B
May 11, 2026$43M$34M$40M
Apr 27, 2026$255M$206M$230M
Apr 20, 2026$2.5B$2.2B$2.3B
Apr 13, 2026$1.0B$877M$1.0B
Apr 6, 2026$330M$307M$338M
Mar 23, 2026$77M$65M$76M

MSFT value includes reinvested dividends. Splits are silently adjusted. Saylor often makes multiple purchases per month — each is its own row. See methodology.